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Global inflation trading heated up again last week, with commodities hitting new highs, with Shanghai aluminum reaching the 20,000 mark
.
In the near future, aluminum ingots and aluminum rods will continue to go to storage, the consumption performance in the peak season is strong, and the supply side is increasing in production, but the supply elasticity is limited
.
Under the macro and capital pull, the strength of Shanghai aluminum is difficult to calm down, and the early long orders continue to hold, cautiously chasing up
.
Domestic electrolytic aluminum operating capacity maintained an increasing trend, but affected by the production restrictions in Inner Mongolia from March to April, the actual operating capacity scale was still suppressed before the start of new and resumed production capacity, and this situation is expected to be alleviated
from late May to June.
According to SMM, the aluminum profile, aluminum strip, aluminum foil and casting alloy market is still in the peak demand season during the year, although some sectors are slowed down by the pressure of aluminum prices, but the overall market demand is still 8.
9% year-on-year growth rate
compared with the same period last year.
In May, the trend of aluminum supply and demand may be maintained, coupled with macro liquidity easing, short-term aluminum prices may
continue to rise.
However, the current soaring aluminum price also has high risks, and holders can ship at high prices, and replenish a small amount of goods downstream on demand; Prices are expected to continue to rise
in the short term.
